Realizing Blockchains protential through Oracle Blockchain Platform
Oracle Blockchain Platform is currently being consulted in the food & agriculture sector. Specifically around food traceability and …
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What is Oracle Blockchain Cloud?
Oracle offers the Blockchain Cloud PaaS, a complete, production-ready blockchain platform based on Hyperledger Fabric.
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What is Oracle Blockchain Cloud?
Oracle offers the Blockchain Cloud PaaS, a complete, production-ready blockchain platform based on Hyperledger Fabric.
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What is Oracle Blockchain Cloud?
Oracle offers the Blockchain Cloud PaaS, a complete, production-ready blockchain platform based on Hyperledger Fabric.
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Oracle Blockchain Cloud Technical Details
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| Mobile Application | No |
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November 12, 2020
Realizing Blockchains protential through Oracle Blockchain Platform
Score 9 out of 10
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Verified User
Oracle Blockchain Platform is currently being consulted in the food & agriculture sector. Specifically around food traceability and waste (i.e. to support a circular economy) and to improve transparency between a broad network of farmers/producers, processors, distributors, retailers (and consumers). In the current situation of an contamination it can take up to days, weeks and even months to find the sources and contaminated assets. Using blockchain we van inform all chain partners within minutes.
- Within an hour you can set up your initial network, provision all the technical components through an easy to use console, link all organizations together and join all partners to the same chain.
- Out-of-the-box APIs to interact with smart contracts, and to interact with other Oracle Cloud PaaS and SaaS.
- Start implementing business processes into smart contracts using the Blockchain App Builder tool through declarative configuration.
- Integration with Oracles (external information sources) and other Blockchains from within smart contracts
- Quickly possible to transform an business process into a Blockchain network and decentralized appplication (smart contract)
August 07, 2019
With Oracle Blockchain, we made it :)
Oracle Blockchain is currently in use across the bank to serve cross boarders money transfer between our subsidiaries outside Jordan. Traditionally, funds transfer will take up to 3 days to be deposited in the beneficiary account, in addition to the high cost of this transaction and data privacy issue because of intermediaries.
- Because of the ready set of APIs, it becomes easy to interact with Oracle Blockchain Cloud, and to integrate with other systems.
- The built-in security features, such as identity management and data encryption, made it an ideal choice given our industry requirements and compliance needs.
- The deployment flexibility, as it enabled us to choose either using the private cloud option, deploy on Oracle public cloud, or a mix between them in a hybrid deployment.
- We need to see Oracle Blockchain Cloud communicate and integrate with other BC networks.
- It has a direct positive impact on ROI, and by eliminating intermediaries from the process, we saved the related cost, which makes funds transfer cheaper.
- It's provided more simple back-office operations, which again has a direct positive impact on ROI by saving staff time and efforts in handling transactions.
The local presence of Oracle and their support make this initiative a success story. The built-in features include such as the ready set of REST API's, enhanced security features, and strong monitoring tools.